Printer-friendly copy Email this topic to a friend
Lobby Okay Sports topic #2732775

Subject: "Is NBA topshots something, nothing, or everything?" Previous topic | Next topic
ThaTruth
Charter member
92646 posts
Thu Feb-25-21 03:23 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
"Poll question: Is NBA topshots something, nothing, or everything?"


          

https://www.nbatopshot.com/

https://www.complex.com/sports/what-is-nba-top-shot-blockchain-app/

https://www.sbnation.com/nba/22295195/nba-top-shot-blockchain-video-highlights

Poll result (3 votes)
something (2 votes)Vote
nothing (0 votes)Vote
everything (1 votes)Vote

  

  

Printer-friendly copy | Reply | Reply with quote | Top


Topic Outline
Subject Author Message Date ID
I was going to make a post about this.
Feb 25th 2021
1
I really don't get it
Feb 25th 2021
2
maybe I'm just old, but I don't understand NFTs
Feb 26th 2021
3
I thought you despised Rachel Nichols.
Feb 26th 2021
4
"despise' is such a strong word
Feb 26th 2021
5
Oh. They are going to make billions off it.
Feb 26th 2021
6
I officially now know what it feels like to be washed
Feb 28th 2021
7
the bleacher report article might be the most understandable one?
Feb 28th 2021
8
people seem to have too much money...lol
Feb 28th 2021
9
right?
Mar 01st 2021
13
I thought I saw it here... here’s my post from Gd
Mar 01st 2021
10
how does this work with tv rights? and your boy that made 40k is that...
Mar 01st 2021
11
RE: how does this work with tv rights? and your boy that made 40k is tha...
Mar 01st 2021
15
how much did he put in to make that money,
Mar 01st 2021
12
      Good questions
Mar 01st 2021
14
      so, just listened to today's LeBatard pod...
Mar 01st 2021
16
           Hmm
Mar 02nd 2021
17
           that withdrawal shit sounds shady as a motherfucker
Mar 02nd 2021
18

allStah
Member since Jun 21st 2014
4629 posts
Thu Feb-25-21 03:48 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
1. "I was going to make a post about this."
In response to Reply # 0
Thu Feb-25-21 04:12 PM by allStah

          

There comes a point when you just let things past you by. It’s evolution.

This is that point for me.

There basically trading and buying highlights like baseball cards, mainly
using crypto.

Futuristically, this is going to put sports shows out of business, and create even
more paywalls and exclusive content. Sooner or later you will not be able to find
anything on YouTube.

If I own the highlights and they are still on YouTube and being shown
on ESPN, that’s no real value...

Its like what sneakers have turned into.

Everything is being turned into a commodity.




HIS NAME IS MASON MOUNT
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

  

Printer-friendly copy | Reply | Reply with quote | Top

Cenario
Member since Aug 24th 2005
57154 posts
Thu Feb-25-21 10:47 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
2. "I really don't get it"
In response to Reply # 0


  

          

-The Knicks’ coaching search still includes a lone frontrunner, Kurt Rambis, whose qualifications for the position include a strong relationship with Jackson and a willingness to take the job.

  

Printer-friendly copy | Reply | Reply with quote | Top

Rjcc
Charter member
93324 posts
Fri Feb-26-21 05:18 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
3. "maybe I'm just old, but I don't understand NFTs"
In response to Reply # 0


          

like, I understand cryptocurrency even if I can't predict its value.

I do not understand what buying an nba top shot actually gets you and why you'd care beyond the possibility of value speculation


www.engadgethd.com - the other stuff i'm looking at

  

Printer-friendly copy | Reply | Reply with quote | Top

Numba_33
Charter member
17686 posts
Fri Feb-26-21 09:06 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
4. "I thought you despised Rachel Nichols."
In response to Reply # 0


  

          

The title for the post reads like something she'd propose on The Jump.


To answer your question, I don't understand the outrageous price tags folks are forking over for the highlights, nor do I understand why Tyler Herro would want to invest money in this, but that's perhaps because I'm old and washed and this type of thing isn't for me. More power to the folks that actually prosper from this.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

Printer-friendly copy | Reply | Reply with quote | Top

    
ThaTruth
Charter member
92646 posts
Fri Feb-26-21 09:16 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
5. ""despise' is such a strong word"
In response to Reply # 4


          

________________________________________
"Stay out the dark, cause if I catch you when the sun is down..."
https://youtu.be/eaaTxVRG06c?t=89

  

Printer-friendly copy | Reply | Reply with quote | Top

    
allStah
Member since Jun 21st 2014
4629 posts
Fri Feb-26-21 03:17 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
6. "Oh. They are going to make billions off it."
In response to Reply # 4


          

Anything can be turned into a market. Keep in mind we buy water as human beings.

They have also turned bets into a stock and options. Shit is crazy.

You can place a bet, and instead of waiting for the results, you can sell
that bet to another person.

I wouldn’t say I’m too old to get in. I’m just tired of all the over the top
technology.

HIS NAME IS MASON MOUNT
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

  

Printer-friendly copy | Reply | Reply with quote | Top

obsidianchrysalis
Member since Jan 29th 2003
7744 posts
Sun Feb-28-21 12:40 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
7. "I officially now know what it feels like to be washed"
In response to Reply # 0


  

          

Like I read the Complex article and the FAQ on nbatopshot.com but I still have no idea why a market for video highlights that anyone can watch on YouTube or on Sportscenter exists?

Like will the rights to the highlights at some point port over to the owner of the Topshot?

But then again the thought of someone paying $1M+ for a piece of cardboard (baseball card) is equally as perplexing, so what do I know.

Can someone explain this to me like I'm 2?

<--- Me when my head hits the pillow

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Rjcc
Charter member
93324 posts
Sun Feb-28-21 08:41 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
8. "the bleacher report article might be the most understandable one?"
In response to Reply # 7


          

https://www.bleacherreport.com/articles/2930587-inside-nba-top-shot-the-digital-highlights-marketplace-worth-millions

I don't think makes any of this make sense, but at least you undestand what's going on.

also important to remember is that the company behind topshot, had already created this a few years, but it was called crypto kitties, and people bought/traded these...digital cat things using blockchain tech

https://www.engadget.com/2018-08-30-cryptokitties-gods-unchained-blockchain-art.html

the market got really hot then flopped, and so they repeated it but put this nba highlights wrapper around it and called it nba topshot


www.engadgethd.com - the other stuff i'm looking at

  

Printer-friendly copy | Reply | Reply with quote | Top

agentzero
Member since Apr 12th 2007
1784 posts
Sun Feb-28-21 08:59 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
9. "people seem to have too much money...lol"
In response to Reply # 0


  

          

To people like US, a record is a piece of history. A moment in time.
Most people don't get it.

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Nodima
Member since Jul 30th 2008
14383 posts
Mon Mar-01-21 04:56 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
13. "right?"
In response to Reply # 9


  

          

I have to imagine most of the people on this thing are in cartels or Saudi princes or some shit because these numbers are stupid and it seems like a great way to clean up some dirty money lol


~~~~~~~~~
"This is the streets, and I am the trap." � Jay Bilas
http://www.popmatters.com/pm/archive/contributor/517
Hip Hop Handbook: http://tinyurl.com/ll4kzz

  

Printer-friendly copy | Reply | Reply with quote | Top

ShawndmeSlanted
Member since Oct 30th 2004
42689 posts
Mon Mar-01-21 08:59 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
10. "I thought I saw it here... here’s my post from Gd"
In response to Reply # 0


  

          

No real new insight— just wanted to join the discussion


I feel like we’ve had conversations over several years about actual buying stock in players the way we sometimes debate them. This is a version of that turned to real life cause a “moments” value is tied to how a player is actually doing in real life over the course of their career. My boy who is referenced above is going with the strategy of buying bonafied players and moments vs trying to speculate on James Wiseman or a random Patrick Beverley layup.
——


Me and my boys had a debate one it last night. One got in early and has made 40k.
It’s a scam but so is everything else. There’s a market for it and it will grow once they actually promote. Can they create a way to make it sustainable and not bubble and crash? Make it more than just collectibles?


Who knows? But the structure and licensing behind the highlight clips along with the NBAs blessing you own highlights clips in this format but not the highlight itself was the highest hurdle.

Looks like it’ll move to other sports next: ufc, nfl, mlb

Then to movies and entertainment. Imagine owning a “Luke I a ma your father” moment.

---
"though time has passed, im still the future" (c) black thought

  

Printer-friendly copy | Reply | Reply with quote | Top

    
ThaTruth
Charter member
92646 posts
Mon Mar-01-21 09:17 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
11. "how does this work with tv rights? and your boy that made 40k is that..."
In response to Reply # 10


          

real money that he can withdraw and fold up and put in his pocket or is it in the clouds?

>No real new insight— just wanted to join the discussion
>
>
> I feel like we’ve had conversations over several years
>about actual buying stock in players the way we sometimes
>debate them. This is a version of that turned to real life
>cause a “moments” value is tied to how a player is
>actually doing in real life over the course of their career.
>My boy who is referenced above is going with the strategy of
>buying bonafied players and moments vs trying to speculate on
>James Wiseman or a random Patrick Beverley layup.
> ——
>
>
>Me and my boys had a debate one it last night. One got in
>early and has made 40k.
>It’s a scam but so is everything else. There’s a market
>for it and it will grow once they actually promote. Can they
>create a way to make it sustainable and not bubble and crash?
>Make it more than just collectibles?
>
>
>Who knows? But the structure and licensing behind the
>highlight clips along with the NBAs blessing you own
>highlights clips in this format but not the highlight itself
>was the highest hurdle.
>
>Looks like it’ll move to other sports next: ufc, nfl, mlb
>
>Then to movies and entertainment. Imagine owning a “Luke I a
>ma your father” moment.
>

________________________________________
"Stay out the dark, cause if I catch you when the sun is down..."
https://youtu.be/eaaTxVRG06c?t=89

  

Printer-friendly copy | Reply | Reply with quote | Top

        
ShawndmeSlanted
Member since Oct 30th 2004
42689 posts
Mon Mar-01-21 05:03 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
15. "RE: how does this work with tv rights? and your boy that made 40k is tha..."
In response to Reply # 11


  

          

Will follow up on where the $ is right now and if hes pulled anything out.

In terms of tv rights --I think the simple answer is theyve partnered with the NBA so that they could commodify the highlights to create ownership within the platform without giving away actual rights. They needed the NBA partnership and cosign to be able to do that

---
"though time has passed, im still the future" (c) black thought

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Rjcc
Charter member
93324 posts
Mon Mar-01-21 09:43 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
12. "how much did he put in to make that money,"
In response to Reply # 10


          

and has he been able to withdraw it?

I've heard topshot isn't exactly easy to get your money out of

www.engadgethd.com - the other stuff i'm looking at

  

Printer-friendly copy | Reply | Reply with quote | Top

        
ShawndmeSlanted
Member since Oct 30th 2004
42689 posts
Mon Mar-01-21 05:01 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
14. "Good questions"
In response to Reply # 12


  

          

>and has he been able to withdraw it?
>
>I've heard topshot isn't exactly easy to get your money out
>of
>
>www.engadgethd.com - the other stuff i'm looking at


He says hes spent 4k of his own money. This was surprising to me becuase hes generally risk averse --and while most of our crew was gambling and betting he mostly stayed away.

Good question on withdrawal. Im guessing its in his account --but i didnt ask him explicitly. I will follow up

---
"though time has passed, im still the future" (c) black thought

  

Printer-friendly copy | Reply | Reply with quote | Top

        
Dstl1
Charter member
50875 posts
Mon Mar-01-21 07:28 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
16. "so, just listened to today's LeBatard pod..."
In response to Reply # 12
Mon Mar-01-21 07:32 PM by Dstl1

          

Mike Ryan is all over this...which isn't the least bit surprising. He said he spent about a stack...including $800 for an Obi Topin, corner 3 pointer LOL. Anyway...he was explaining the withdrawal situation. He said there is a 6-8 week verification process. Before you are verified, you cannot withdraw any of your money. After that...you can withdraw only in $1000 increments, every 30 days. Adam Lefkoe was part of a group that paid over 200k for a LeBron dunk against the Kings, from last season.

when I threw the rifle in the river,
it looked like Bol Bol was diving in the river - Action Bronson

  

Printer-friendly copy | Reply | Reply with quote | Top

            
allStah
Member since Jun 21st 2014
4629 posts
Tue Mar-02-21 12:40 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
17. "Hmm"
In response to Reply # 16
Tue Mar-02-21 12:47 AM by allStah

          

Upon further research, the NBA and PA are in a revenue sharing agreement with
Dapper Labs, the creators and administrators of the market place.
Customers can purchase Digital Collectibles of basketball moments.
The NBA owns the rights or the Intellectual Property, so ,basically ,the customer is simply purchasing a piece of digital art

It’s similar to buying a music album, which can be collected and re-sold,
but the record company owns the masters or rights to the music.


Each digital moment is a NFT ( non fungible token), which cannot be duplicated,
divided or multiplied, unlike regular crypto. And there are an infinite amount of NFTs
on the blockchain.

It’s pretty easy to understand, especially if you have any experience with trading.


My problem with this is , if you’re not tech savvy, where you can create Bots and
APIs to get you ahead of the game, you’re going to be in the back of the line.
They have huge Queues for their highlight drops, so if you’re not able to get in at
that moment, then you will be forced to buy at high resell prices, similar to what happens in the sneaker market.

If the same company had issues with Crypto Kitties, where the platform was not sustainable, how do they expect to sustain this? Crypto Kitties were more like a
cult following compared to this

And the fact you can only withdraw a certain amount at a certain time sounds
too Ponzi scheme to me. If you have a lot of money invested, it could take
years just to withdraw it all. But it’s easy as hell to deposit money!

HIS NAME IS MASON MOUNT
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

  

Printer-friendly copy | Reply | Reply with quote | Top

            
Rjcc
Charter member
93324 posts
Tue Mar-02-21 04:50 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
18. "that withdrawal shit sounds shady as a motherfucker"
In response to Reply # 16


          

and basically none of the reporting about it goes into that


www.engadgethd.com - the other stuff i'm looking at

  

Printer-friendly copy | Reply | Reply with quote | Top

Lobby Okay Sports topic #2732775 Previous topic | Next topic
Powered by DCForum+ Version 1.25
Copyright © DCScripts.com